Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Travel / News Tools: Save | Print | E-mail | Most Read
Online travel market expected to grow by 70%
Adjust font size:

The value of China's online travel market is to reach 3.84 billion yuan (519 million U.S. dollars) this year, with a projected growth rate of 70.7 percent, according to a nationwide survey.


The survey showed that China's online travel services market was worth 2.25 billion (300 million U.S. dollars) in 2007, with an estimated 65 percent expansion for the industry from 2006.


Shanghai-based online travel service provider (NASDAQ:CTRP) still held a steady command of the market with the highest penetration in large primary and second-tier cities, the survey showed.


"There are two reasons for the acceleration: the Beijing Olympic Games and the further opening up of the domestic tourism market," said Fu Zhihua, director of the Data Center of the China Internet (DCCI) research department that conducted the survey.


The effect was felt industry-wide, benefiting other players such as eLong (NASDAQ: LONG), China's second-biggest online travel agency, and Mango launched by the Hong Kong China Travel Services (HKCTS) in 2005.


The survey indicated that in two or three years, traditional and online travel agents will keep consolidating.


The Netguide 2008 survey also forecast the trade volume would rise to 7.32 billion yuan (989 million U.S. dollars) in 2009.


The survey, begun in January 2007, polled more than 300 websites, 270 enterprises and 50,786 people around the country.


(Xinhua News Agency January 23, 2008)


Tools: Save | Print | E-mail | Most Read

Username Password Anonymous

China Archives

Related >>
- Rakuten to Dump Ctrip Stake
- Online Travel Services Ready for Take-off
- TravelSky to List in Its Entirety
- Books 7% Profit Rise for Quarter
- Driving Tour of Germany Offered by
Most Viewed >>
-The great mouse hunt
-Ice and Snow Festival in Harbin
-Spring City where beauty and culture satisfy the senses
-Travel firm earnings surge
-How to Exchange RMB in China
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号